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We remember: the European Union started with the promise never to communitize debt. And as we already know from Brussels: promise broken! Estonia's prime minister is now launching a tranche of fresh Eurobonds with joint liability with a volume of 100 billion euros (first of all, the war and banking crises are credit pumps that make the money printer run hot). In Germany, the country of creative state accounting, such expenditure recently appeared in the guise of so-called 'special assets' which even the Federal Court tried to stop (without success in commieland, of course). The slippery (debt) slope on which the EU is sliding is tilting further and further...
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